Avatar
Joe Santamaria, MD
907a5a23635ea02be052c31f465b1982aefb756710ccc9f628aa31b70d2e262e
Dad, ophthalmologist, runner, climber, #Bitcoin

Voodoo Swamp Halloween Party 🎃

181 days until the “hey should I buy Bitcoin?” texts from friends start rolling in!

Replying to Avatar Derek Ross

nostr:npub1xnf02f60r9v0e5kty33a404dm79zr7z2eepyrk5gsq3m7pwvsz2sazlpr5 will work with you to make their product better. You must abide by their one rule though. "Just don't be an asshole."

This is definitely a good rule

Also love watching the % of my net worth allocated BTC slowly rise 📈

🎯

Also as an interesting side note (via The Kobeissi Letter):

“Americans now need $114,000 in annual income to afford the typical house in the US.

This is up a massive 90% from $60,000/year of income required to buy a typical house in 2020.

To put this in perspective, the median American HOUSEHOLD makes $75,000/year.

In other words, the median household income is now 52% BELOW the income needed to afford a typical home.

Mortgage rates have gone from 2.6% to 8.0% in the same time that home prices are up 30%+.” nostr:note1tr39ztlsmd8plt2na2qrynjus2z4q0pxt9supxpepyduqht2yf6s6y3j28

Here we go 📈 #bitcoin

“Government spending, beyond just being damaging to the economy by disrupting individuals private calculations of profit and loss, is destructive because it must be financed by taxation either directly or through inflation.

Taxing producers to finance government spending penalizes economic production, thus, reducing the incentive to engage in it. The depreciation of savings reduces the incentive to save, and the taxation of capital gains reduces the incentive to invest. By making a person less able to provide for his or her future, governments counteract the process of lowering time preference, which is the driving force of human civilization.”

- Principles of Economics (Ammous version, pg 324)

#Bitcoin

Keep hammering 🤘🏼 #proofofwork

This morning’s #proofofwork. Had to battle a bit for that one. Happy Saturday #nostr fam! 🏃‍♂️💨

GM #nostr friends 🫂

Listening to nostr:npub1xtscya34g58tk0z605fvr788k263gsu6cy9x0mhnm87echrgufzsevkk5s on What Bitcoin Did. Fantastic. Haven’t been on here as much, life has been a bit nuts with the 1 year old but hope y’all have been doing well! 🫂⚡️🤘🏼

Nice quiet run this morning. Happy Sunday #nostr fam. ⚡️🫂